ALPHA DISTRIBUTION: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
ALPHA DISTRIBUTION
Largest movements
- Cash -€14,052
down €14,052 (-26.0%), from €54,066 to €40,014
mainly Advances received (-€20,877) and Trade debts (-€9,904)
- Stocks and contracts -€13,882
down €13,882 (-52.5%), from €26,425 to €12,543
- Receivables within one year -€4,738
down €4,738 (-9.9%), from €47,624 to €42,885
of which Trade receivables: -€4,494
- Intangible fixed assets -€4,000
down €4,000 (-20.0%), from €20,000 to €16,000
- Advances received -€20,877
no longer reported in 2024 (was €20,877)
- Trade debts -€9,904
down €9,904 (-18.6%), from €53,347 to €43,443
- Profit (loss) carried forward -€4,882
down €4,882 (-4.3%), from -€112,708 to -€117,589
- Gross operating margin +€34,242
up €34,242, from -€33,930 to €312
- Depreciation +€4,011
new in 2024: €4,011
- Other operating charges +€1,116
up €1,116 (+83.8%), from €1,332 to €2,449
- Financial income +€623
up €623 (+42.8%), from €1,453 to €2,075
From the 2023 result to the 2024 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €152,112 | €115,342 | -€36,770 | -24.2% |
| Fixed assets | 21/28 | €23,998 | €19,900 | -€4,098 | -17.1% |
| Intangible fixed assets | 21 | €20,000 | €16,000 | -€4,000 | -20.0% |
| Tangible fixed assets | 22/27 | €98 | - | -€98 | |
| Furniture and vehicles | 24 | €98 | - | -€98 | |
| Financial fixed assets | 28 | €3,900 | €3,900 | = | 0.0% |
| Current assets | 29/58 | €128,114 | €95,442 | -€32,672 | -25.5% |
| Stocks and contracts in progress | 3 | €26,425 | €12,543 | -€13,882 | -52.5% |
| Stocks | 30/36 | €26,425 | €12,543 | -€13,882 | -52.5% |
| Amounts receivable within one year | 40/41 | €47,624 | €42,885 | -€4,738 | -9.9% |
| Trade receivables | 40 | €46,414 | €41,920 | -€4,494 | -9.7% |
| Other amounts receivable | 41 | €1,209 | €965 | -€244 | -20.2% |
| Cash at bank and in hand | 54/58 | €54,066 | €40,014 | -€14,052 | -26.0% |
| Total equity and liabilities | 10/49 | €152,112 | €115,342 | -€36,770 | -24.2% |
| Equity | 10/15 | €71,623 | €66,741 | -€4,882 | -6.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €171,931 | €171,931 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €170,071 | €170,071 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€112,708 | -€117,589 | -€4,882 | -4.3% |
| Amounts payable | 17/49 | €80,489 | €48,601 | -€31,888 | -39.6% |
| Amounts payable within one year | 42/48 | €80,489 | €48,601 | -€31,888 | -39.6% |
| Trade debts | 44 | €53,347 | €43,443 | -€9,904 | -18.6% |
| Suppliers | 440/4 | €53,347 | €43,443 | -€9,904 | -18.6% |
| Advances received on contracts in progress | 46 | €20,877 | - | -€20,877 | |
| Taxes, remuneration and social security | 45 | €6,264 | €5,157 | -€1,107 | -17.7% |
| Taxes | 450/3 | €6,264 | €5,157 | -€1,107 | -17.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €4,011 | +€4,011 | |
| Other operating charges | 640/8 | €1,332 | €2,449 | +€1,116 | +83.8% |
| Gross operating margin | 9900 | -€33,930 | €312 | +€34,242 | |
| Operating profit (loss) | 9901 | -€35,263 | -€6,148 | +€29,115 | +82.6% |
| Financial income | 75/76B | €1,453 | €2,075 | +€623 | +42.8% |
| Recurring financial income | 75 | €1,453 | €2,075 | +€623 | +42.8% |
| Financial charges | 65/66B | €833 | €555 | -€278 | -33.4% |
| Recurring financial charges | 65 | €833 | €555 | -€278 | -33.4% |
| Profit (loss) for the period before taxes | 9903 | -€34,643 | -€4,627 | +€30,015 | +86.6% |
| Income taxes | 67/77 | - | €254 | +€254 | |
| Profit (loss) for the period | 9904 | -€34,643 | -€4,882 | +€29,761 | +85.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€34,643 | -€4,882 | +€29,761 | +85.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.